Given the current value of reserves at ~$1 per barrel a reputable update to create a higher level of confidence could actually increase the market perception of reserve value.
I mean you could report that reserves have dropped by 50% and the attributable value per barrel could increase by more than 100% . The starting point of the reserves is so high that a goodly number of barrels would remain and be priced in once the shock subsided after the update.
There seems little blue sky in the current MAD pricing so Yaegar does have the opportunity to paint a better picture.
FDM Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
